OCI shelves poly-plant expansion

OCI is a major supplier of polysilicon

OCI is a major supplier of polysilicon

South Korea’s OCI has delayed a 116.5bn won ($103.8m) plan to expand its domestic polysilicon production capacity due to uncertain business conditions.

The company said in a filing to the Korean stock exchange that it will indefinitely postpone plans to add 10,000 tonnes of capacity to its factory in the city of Gunsan.

An OCI spokesperson in Seoul told Recharge that it made the decision because it “does not believe the supply/demand situation has stabilised yet”.

OCI is one of the world’s biggest suppliers of the solar raw material to the PV industry.

Last month the Chinese government announced preliminary anti-dumping duties on polysilicon made in South Korea and the US.

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